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Tianren Group (01429): Intends to expand into smart circular economy technology business
Tianren Group (01429) announced that while the Group continues to steadily develop its existing core business of providing formwork engineering services in Hong Kong, the Board has been prudently seeking new business opportunities to expand its portfolio and enter new markets with significant growth potential.
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Tianren Group (01429) has been sold a total of 347 million shares by its controlling shareholder.
Tianren Group (01429) announced that it has been informed by Dacheng International Holdings Limited (Dacheng International) (the controlling shareholder of the company) and a company wholly owned by Zou Feng, the chairman and CEO of the company, that they have recently sold a total of 347 million shares of the company, representing approximately 21.67% of the company's total issued share capital as of the date of this announcement (the Sale). It was disclosed that 32 million shares and 75 million shares were sold to Guo Jiequn, an executive director of the company, and Yuan Bingbo, a non-executive director of the company, respectively, while the remaining approximately 240 million shares were sold to a total of nine buyers.